Fiscal Note
The proposed resolution amends the 2022 Adopted Operating Budget for the Community Development Division (CDD) - Affordable Housing service and authorizes the City to accept up to $608,000 from the U.S. Treasury for use in preventing evictions and promoting housing stability among eligible households through direct rental assistance. The resolution will increase CDD's revenues and commensurate expenses for software costs and direct rental assistance to implement the rental assistance program.
Title
Accepting additional Emergency Rental Assistance funds from the U.S. Treasury Department, to be awarded to the City of Madison under the Consolidated Appropriations Act, 2021 (H.R. 133), to help prevent evictions and promote housing stability for eligible households affected by the COVID-19 pandemic, amending the Community Development Division’s 2022 Operating Budget to reflect receipt of those funds, and authorizing the Mayor and City Clerk to amend agreements with the Community Action Coalition for South-Central Wisconsin and Benevate Inc (a/k/a Neighborly Software) to implement Dane CORE 2.0 Emergency Rental Assistance Program.
Body
BACKGROUND
On December 21, 2020, Congress enacted the Consolidated Appropriations Act, 2021 (H.R. 133, Public Law 116-260, a/k/a "COVID Relief Act"), which included $25 billion in Emergency Rental Assistance Program funding ("ERA1") to be distributed by the U.S. Treasury Department to state and local governments for use in preventing evictions and promoting housing stability among households affected by the COVID-19 pandemic. Through this Act, the City of Madison has already accepted a direct ERA1 allocation of nearly $7.8 million (RES-21-00042, Legistar File #63792) a re-allocation of ERA1 of $35 million (RES-21-00810, Legistar File #68341). The City has received the final re-allocation of ERA1 from U.S. Treasury Department, approximately $608,000. The COVID Relief Act requires that these funds are distributed prior to ...
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